It can't be because it's not the same word and it doesn't have the same definition. It's merely a homophone which is why the accent mark over the e in él (he) is there.
Make sure to always listen to the context, the other words in the sentence can help you determine if they are saying the or he. Ex: El escribe libros
You kniw the other words are writes and books, so el could be he or the. But why would they say" The writes books" So el must be 'He'
Él escribe los libros is "He writes the books," not "He writes books." Los = The.